§ 220-a. Corporations continued. Corporations heretofore formed under chapter five hundred seventy of the laws of eighteen hundred ninety-five, chapter four hundred forty of the laws of nineteen hundred twenty-six, or under Article 20 of the membership corporations law, are hereby continued without change of corporate status, power or obligation, under the provisions of this article.

Terms Used In N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 220-A

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.